Up to 250 new jobs are to be created in the Limerick area with the announcement of two investment funds.
Irish Technology Capital – a US-based venture capital fund – is to locate its European Headquarters in Limerick City.
The firm – set up by members of the Irish Diaspora – will provide funding and opportunities for emerging companies in the IT sector.
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Earlier – Limerick Institute of Technology announced the creation of a second fund to support start-ups in the Mid-West region.
The 1-million euro ‘Enterprise Ladder Fund’ will give companies between 10-thousand and 25-thousand euro.
L.I.T estimates that 250 jobs have already been created as part of its various enterprise programmes over the past two years.
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